U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler signaled that corporate bonds are in his crosshairs, showing his focus extends beyond frothy markets like cryptocurrencies and meme stocks to a key pillar of Wall Street.

The SEC chief, set to testify Tuesday in the Senate, said in prepared remarks that he's asked the regulator's staff to recommend ways to "bring greater efficiency and transparency" to everything from corporate debt to municipal bonds and mortgage securities.

"This market is so critical to issuers," Gensler said of non-Treasury fixed income. "It is nearly 2.5 times larger than the commercial bank lending of about $10.5 trillion in our economy."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.